Bitcoin's trading volume surges 20% as long-term holders take control

Coin WorldSaturday, Jun 21, 2025 5:50 am ET
1min read

Bitcoin's demand momentum has undergone a notable transformation, with short-term sellers retreating and long-term holders taking the reins. This shift suggests that bears, who had previously dominated the market, may be losing their influence. The trading volume has surged by 20%, indicating potential capitulation and a possible price reversal. This change in momentum could mark a turning point for Bitcoin, as long-term holders typically retain their assets during bearish periods, only selling during bullish trends.

The current market dynamics suggest that Bitcoin's price may be on the verge of a reversal. The disappearance of short-term sellers and the increased activity from long-term holders indicate a growing confidence in the asset's future value. This shift in sentiment could lead to a price reversal, as the market adjusts to the new demand dynamics. However, it is important to note that the market remains volatile, and any sudden changes in sentiment could lead to a reversal of this trend.

The recent surge in Bitcoin's demand momentum has been driven by a combination of factors, including the disappearance of short-term sellers and the increased activity from long-term holders. This shift in sentiment has led to a spike in trading volume, which could signal a potential price reversal. However, it is important to note that the market remains volatile, and any sudden changes in sentiment could lead to a reversal of this trend. As such, investors should remain cautious and monitor the market closely for any signs of a potential reversal.

Adding to the bullish signs, major players are placing bold bets. One whale, in particular, is holding a massive 20x long position on Bitcoin, valued at over $364.35 million, reflecting a growing confidence in BTC. This significant investment by a major player further supports the idea that the market is shifting in favor of Bitcoin.

Interestingly, the current Global Liquidity Index (GLI) level mirrors the period when Bitcoin was trading around $100,000, implying that if the pattern holds, Bitcoin could soon revisit or even surpass this price point. This correlation between global liquidity and Bitcoin's price suggests that the asset may be poised for a significant rally in the near future.

As of now, Bitcoin is trading around $103.693, reflecting a drop of 2.2% seen in the last 24 hours, with a market cap hitting $2.06 trillion. This price point is crucial, as it represents a critical support zone. Holding above this threshold is essential for a bullish reversal. Investors should watch for bullish crossovers in the MACD and RSI moving out of oversold territory, currently at 45, as these indicators could provide further confirmation of a price reversal.